Building the Replacement Infrastructure for the World's Money

Adj. EBITDA margin was higher due to significant interest income. Notes: 1Margin is adjusted EBITDA as a percentage of income. 2Comparison is FY23 to FY22 and FY22 to FY21. Adjusted EBITDA (£m) Margin 1 25.8% 21.8% 250.0 97% YOY² 12% 200.0 YOY² 150.0 100.0 50.0 108.7 121.4 24.7% 238.6 0.0 FY21 FY22 FY23 PBT £41.1m £43.9m ₤146.5m 46

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